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$202,000

6902 Explorer Trl, Amarillo, TX, 79118

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,190 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.47 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator

Exterior

Lot Size5,663 sqft

Building Information

Year Built2011
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-073-0563-2050
Lot Number36A
SubdivisionSouth Georgia Place # 28
Land UseResidential
Legal DescriptionSOUTH GEORGIA PLACE # 28, LOT 36A, BLK 0001, 0.1300 ACRES
Census Tract022001
Assessed Land Value$18,000
Assessed Improvement Value$179,461
Assessment Year2025

About this property

This home features 3 spacious bedrooms, 2 bathrooms, 2 car garage. New flooring & new paint in main living area & master bedroom. Utility room has washer & dryer hookups. Large kitchen with granite, all appliances included and small pantry for storage. Isolated owners suite with large walk in closet, double sinks and walk in shower. Great sized guest rooms and guest bath. Large yard with new sod and new fence put in 9/24! Sprinklers in front and back, new roof in 2022. Located at the end of a quite cul-de-sac! NO HUD, NO smoking, NO prior evictions.

Investor Tools

Property Icon
$202,000
Estimated Property Value
$95,880Estimated Mortgage Balance
$123,649Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,212 /month
Positive
Cash Flow Estimate:
$404 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$395/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,726
$197,461
2025
$18,000
$179,461
$197,461
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,726
$197,461

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Conventional
$95,880
No
First
Jul 18, 2017
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,351
$123,649
61%
39%
$575/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$575/mo
+$965/mo
9.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Amarillo

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